Business & Tech

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Business & Tech

Coverage of business, technology, and finance, from global markets to the latest tech and AI news.

The lawsuit is the latest round in a bitter feud between the generative AI start-up OpenAI and the world's richest man

Waging a 'relentless campaign'

OpenAI countersues Musk as feud deepens

A fall in gas prices helped cool inflation in March

Government data shows

US consumer inflation cools in March on falling gas prices

People walk across a foot bridge with a board showing financial market information in Shanghai

'Lack of respect'

Shanghai finance workers worry after front-row seat to tariff turmoil

A think-tank warned the United States' 'protectionist' policies would hit German growth

Struggling top economy

Trump tariffs weigh on Germany as institutes cut forecasts

Taiwanese chipmaking giant TSMC reported Thursday a better-than-expected revenue for the first quarter on strong demand for AI technology

Chipmaking giant

Taiwan's TSMC says first quarter revenue up 42 percent

Budget airline Vietjet signed a $300 million agreement to boost its fleet after Vietnam said it would start negotiations with the United States on a reciprocal trade agreement

Seeking reciprocal agreement

Vietnam says it will start trade talks with United States

Big Tech companies have become mega users of power that will increase in the race to adopt artificial intelligence

New infrastructure challenges

AI surge to double data centre electricity demand by 2030: IEA

Samsung, the world's second-largest phone maker, produces around half of its handsets in Vietnam

Including Vietnam production sites

Samsung under pressure as US tariffs rattle South Korean economy

China's export-driven economy is particularly sensitive to vicissitudes in international trade

Where things stand in the US-China trade war

Beijing is seeking to boost domestic consumption, which has yet to recover to pre-pandemic levels

Escalating trade war

China consumer prices slump for second straight month: data

US President Donald Trump said he huddled with Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick before announcing the 90-day pause on tariffs

Reflective mood

Art of the deal? How Trump backed down on tariffs

US President Donald Trump said he would raise tariffs on Chinese goods to 125 percent

Who stands in the crosshairs of Trump's tariffs?

A screen at the New York Stock Exchange (NYSE) features a sea of green, a reversal from the red of recent days as markets were pummeled

After brief respite

US stocks soar on Trump tariff reversal, oil prices jump

US President Donald Trump raised tariffs on imports from China to 125 percent while instituting a 90-day pause on other levies

Global market panic

Trump stuns with tariff backtrack but punishes China

Argentina's President Javier Milei faces another general strike in response to austerity measures

Anti-austerity protest

Argentina braces for 24-hour strike as it awaits news on IMF loan

Meta co-founder and chief executive Mark Zuckerberg has cozied up to US President Donald Trump since the Republican was elected

Former global policy director

Author of explosive Meta memoir stars at US Senate hearing

Donald Trump's tariffs on imports of non-US products -- some of them suspended and altered numerous times -- threaten economic disruption for Latin American and Caribbean economies

Under the eye of China

Strength in numbers: Latin America urges unity in face of Trump tariffs

WTO chief Ngozi Okonjo- Iweala has warned that US-China goods trade could be cut by 80 percent by their tariff war

World Trade Organization

Tariff war could cut US-China goods trade by 80 percent: WTO chief

Volkswagen says profits have already taken a hit from US tariffs on cars

Expectations vs results

Volkswagen says first-quarter profits impacted by Trump tariffs

A Delta Airlines plane shown near Los Angeles International Airport (LAX) in August 2023

Recession worries

Delta to trim capacity in light of weakening travel demand

US Treasury Secretary Scott Bessent told a summit in Washington that China chose to escalate trade tensions with Washington by retaliating to President Donald Trump's tariffs

Amidst market turmoil

US Treasury chief defends tariffs, warns against aligning with China

'BE COOL!' Trump posted on social media

Trump trade war escalates as China, EU counterattack

The cuts will fall on management and support roles at the plant, said Tata

Tata Steel to cut jobs at Dutch plant by 15%

Whiskey distillers in Ireland and Northern Ireland are bracing for the impact of US tariffs

'Curve ball': Irish whiskey producers fret over US tariffs

Cars at the storage tower at the Wolfsburg Volkswagen Plant in Germany on November 15, 2024

Behind the logic

How tariffs in the EU work

The power plant at the headquarters of German carmaker Volkswagen in Wolfsburg

'Catastrophe': Volkswagen town rattled by Trump trade war

Greek unions called for a 24-hour strike against the high cost of living

Call for higher wages

Greek general strike hits transport and commerce

The EU plans to hit US soybeans imports with tariffs, after officials said Europe could buy the stuff from Brazil

Think first, then act

How the EU is responding to Trump's trade assault

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